Overall unemployment rate moved down to 8.3% with the biggest shift in Restaurants & Hotels, which gained 100 roles, based on the most recently available information published in June 2023.
Total employment in the Hanford-Corcoran, CA market rose by 101 jobs in April and the unemployment rate decreased compared to the prior month by 150 bps to 8.3%. The national unemployment rate decreased by 53 bps over the same time to 3.1%.
- Hanford-Corcoran, CA unemployment rate is 520 bps above the national rate which is a negative sign.
- Unemployment in the market is 130 bps above the unemployment rate in the market last year at this time, which is a negative.
- Average wages (per hour) grew in April versus prior month by 5.7% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.2% . Key sectors include:
- Government: 14,900; no change
- Education & Healthcare: 7,000; no change
- Transportation & Utilities: 6,400; -100
- Manufacturing: 5,000; no change
- Restaurants & Hotels: 4,400; +100
- Business Services: 1,900; no change
- Construction, Mining: 1,300; +100
- Financial Services: 900; no change
- Other Jobs: 800; no change
- IT & Development: 100; no change
Data is based on the most recent 12 months available, through April 2023 (Data published June 2023 and reports created on June 8,2023). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.